Dave Nickerson, President of Power Barge Corporation (PBC) announces the American Bureau of Shipping (ABS) Approval In Principle from ABS New Orleans for a new modular medium speed engine power barge design. This 80 MW to 180 MW power barge design was jointly developed by Power Barge Corporation, Burmeister & Wain Scandinavian Contractors A/S (BWSC), and Vard Marine USA (Vard).

The ABS approval also marks the first round of power barge proposals and BWSC shipyard pre-qualifications for multiple power barge projects presently in development.

This radiator-cooled modular power barge design permits the same hull to be utilized with a range of power outputs from 80 MW to 180 MW. The design is based on the MAN DT 18V48/60 TS engine and is flexible with various other medium speed engine versions. The new design is presently being modified for dual fuel and natural gas operations to suit combined operations with LNG FSRUs, and with SCR/CO and combined cycle systems for specific market opportunities.

Power Barge Corporation is the world’s leading dedicated power barge services company with over 28 years in the design, production and ownership of gas turbine and medium speed engine power barges. Power Barge Corporation and Vard Marine USA are based in Houston, Texas, and have worked cooperatively since 2000 on new gas turbine and medium speed engine power barge designs, and floating LNG FSRU designs that incorporate power generation. PBC is partnered with BWSC to market power barge solutions involving large scale medium speed engine power barges and LNG FSRUs. BWSC is a worldwide leading EPC contractor specializing in medium speed engine and biomass power plants. BWSC offers EPC and O&M contracts for medium speed engine power barges and land based plants with deliveries targeting 12 to 16 months from contract funding, with outright sale, electricity sale, and lease contract options available.

About the Parties:
Power Barge Corporation is a privately held company with the most experienced team in the design, project management and after-market services of gas turbine, medium speed engine power barges and FSRU vessels with power generation. Power Barge Corporation provides turnkey engineering, procurement, construction, aftermarket and consulting services to developers, and owners and operators of barge mounted power plants. PBC operates around the world with activities in the Middle East, Africa, Asia, and Central and South America. For more information on power barges and Power Barge Corporation please visit the website at www.powerbargecorp.com

BWSC is a worldwide leading EPC contractor that develops, builds, operates and owns high-performance biomass and engine-based power plants. Most the projects are supplied as turnkey plants and BWSC has delivered more than 175 power plants to 53 countries worldwide. BWSC originates from the stationary engine division of Burmeister & Wain (B&W), which has built and installed diesel engines since 1904, and was established as a separate specialist company in 1980. Today, BWSC is owned by Japanese Mitsui Engineering and Shipbuilding Co. Ltd. For more information about BWSC, please visit the website at www.bwsc.com

Vard Marine Inc. is a consulting naval architecture and marine engineering company established in July 1983, and is today a wholly-owned subsidiary of Vard Group AS in Norway. The company has undergone several ownership and name changes, previously the company was known as STX Marine, Aker Marine, Wartsila Marine Inc. and Kvaerner Masa Marine Inc.

VARD specializes in the development of advanced technologies and their application to vessel designs, for both commercial and military vessels. The wide range of vessel designs Vard offers include offshore supply vessels, offshore and coastal patrol vessels, passenger vessels and ferries, icebreakers, double hull tankers, research vessels and floating plant barges. For more information about VARD, please visit the website at www.vardmarine.com

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